KUALA LUMPUR – The date for the prices of chicken and egg to be floated in the market is expected to be announced during a press conference on October 30, said Agriculture and Food Security Minister Datuk Seri Mohamad Sabu.
He said discussions and meetings were being held with the stakeholders and industry players who are involved in production, with the team headed by the ministry’s chief secretary, to ensure prices remain at a reasonable rate after the announcement.
“The move to (float) the prices for the long term or short term will depend on the situation, but if possible let the market decide the price… we however, cannot guarantee the duration due to the global situation and drastic climate change,” he said.
Mohamad was speaking to reporters at the pre-launch of the national-level Farmers, Livestock Breeders and Fishermen Day celebration today.
He added that the media conference to announce the date would comprise his ministry, along with the finance and economy ministries and the Statistics Department.
Prime Minister Datuk Seri Anwar Ibrahim, when tabling Budget 2024 last week, announced that the temporary price controls for chicken and egg would be lifted as current trends indicated the supply of both was now stable.
Anwar, who is also finance minister, said the move would enable the local market to function freely in ensuring sufficient supply of both products. – October 19, 2023